Parsippany, New Jersey-based CRC Group, a nationwide wholesale distributor of specialty insurance products, has acquired Argenia LLC, a Little Rock, Arkansas-based managing general agent (MGA) and surplus lines broker.
Founded in 1976, Argenia currently operates in more than 10 states with numerous specialty programs.
CRC Group said the addition of Argenia complements the group’s capabilities in Arkansas and the surrounding region and builds on a previous acquisition made in Arkansas by CRC Group last year.
In the short-term, Argenia will continue to operate under the company’s current brand with the same underwriters and the same contact information. Over the coming months, CRC will work to fully integrate the operations.
Terms of the transaction were not disclosed.
Source: CRC Group
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